2024 Statements on Standards for Accounting and Review Services (SSARS) for CPAs: Spring Update (Completed)

This course is about the preparation, compilation, and review professional standards, which represent significant changes in authoritative professional standards like SSARS 21, SSARS 22, SSARS 23, SSARS 24, SSARS 25 and SSARS 26. Engagement Letters, Reports (or lack thereof), Disclosures, Documentation, and Ethical considerations from the newly Revised AICPA Code of Professional Conduct are explained, discussed, and examples are given for illustrations. Selected attest vs nonattest issues are dealt with. Selected Independence and Ethics 1.295 concepts are discussed.

Who Should Attend
Professionals in public practice, industry, government, and education who deal with nonpublic entities and need a course in preparation, compilation, review engagements, and procedures.

Topics Covered

• New preparation, compilation and review standards through the date of this presentation are discussed
• Current issues in Preparation, Compilation, and Review engagement letters and review representation letters specified in SSARS 21, 22, 23, 24, 25, and 26
• A selected look at documentation standards which will be reviewed for changes required by new preparation, compilation, and review standards plus documentation outside of SSARS 21 through 26 for all engagements
• The AICPA’s Revised Code of Professional Conduct - Ethics 1.295 will be explored for revisions and updates in attest/nonattest applications specifically dealing with preparation, compilation, and review issues
• Updates on OCBOA issues
• Any other matters deemed appropriate and timely

Learning Objectives

• Follow the changes in preparation, compilation, and review standards for SSARS 21, 22, 23, 24. 25, and 26
• Understand the current issues about Preparation of Financial Statements, Compilations, and Reviews
• Follow the issues in Preparation, Compilation, and Review engagement letters and review representation letters specified in SSARS 26 and earlier SSARSs
• Successfully follow documentation standards which will be reviewed for changes required by new preparation, compilation, and review standards plus documentation outside of SSARS 21 - 26 for all engagements
• Better understand the provisions of Ethics 1.295 for revisions and updates in attest/nonattest applications specifically dealing with preparation, compilation, and review issues

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
General understanding of SSARS requirements

Advance Preparation
None